Dear blog reader, you, as a long-term investor, certainly enjoyed the meteoric recovery in Q2 2020 and the recovery continuation of Q3 202. While it would be frivolous to have such return expectations for the upcoming quarters, it is quite soothing to the investor's nerves to know that Nobel-Prize-winning portfolio structures are the bedrock of your investment portfolio and resulted in your portfolio having partaken in the market recovery of Q3 2020.
In retrospect, the speed of the recovery in equity markets in Q2 2020 was absolutely stunning, and the continuation of the recovery amongst the global Covid-19 pandemic has investors scratch their heads. In case you are baffled by the divergence between buoyant equity market and the current-sinking Covid-19 induced real economies, please read one of our blog articles from May 2020 which clarifies this puzzling dichotomy.
Readers of our blog can rest assured that the Nobel Prize-winning underlying work of our clients' portfolios and our investment approach does not get swayed by feelings of depression in Q1 2020, nor by feelings of unbeatable exuberance in Q2 and Q3 2020 either.
Please enjoy reading our market review for Q3 2020 by clicking the file below: